517 1st Street Sw Albuquerque, NM 87102

21,344 Sqft lot
0.49 Acre lot
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$1,750,000 Est. $6,444 / mo.*
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Status: Active
Days on Website: 83

Courtesy of NM Apartment Advisors, Inc..

Description

The current owner has plans for 100 Multi-family units on the site, with first floor parking, including a roof top deck amenity. The property is conveniently located directly west of the planned $70M Rail Trail, south of the Alvarado Transportation Hub, just southwest of the ABQ Innovation district, and north west of the under development NM Media Academy, and on the east side of the Central Business District.The asking price is $1,750,000, with a price per unit of $17,500, and a price per square foot of $82.33. Using price pre unit and recent comparable sales supports a value closer to $2,150,983.Subject property might qualify for the first round of $30,000,000 of financing from the NMFA Opportunity Enterprise Housing Development Fund - applications are open from 9/4 to 10/16

Open House

Property Details and Features

  • Days on Market: 0
  • Listing Price: 1750000
  • Status: Active
  • Address: 517 1st Street SW
  • Area: 80 - Downtown Area
  • City: Albuquerque
  • State: NM
  • Zip: 87102
  • County: Bernalillo
  • Subdivision: Atlantic & Pacific
  • Directions: From Central and 2nd south to Iron, east to the property.
  • Acres: 0.49
  • Size: 0
  • Size Source: Survey
  • Topography: Level
  • Elementary: Dolores Gonzales
  • Middle/Junior High: Washington
  • High School: Albuquerque
  • Sewer: PublicSewer
  • Water Source: CommunityCoop
  • Utilities: ElectricityAvailable,NaturalGasAvailable,SewerAvailable,WaterAvailable

Location

$1,750,000 - 517 1st Street Sw, Albuquerque, NM 87102
517 1st Street Sw Albuquerque, NM 87102
Address: 517 1st Street SW

Street View

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